CME Group intends to merge the company's two Non-Deliverable Forward (NDF) liquidity pools on the EBS Market platform into a single trading venue in October 2024.
The Chicago-headquartered derivatives marketplace says the merger will bring market participants from all regulatory jurisdictions into a unified global trading environment.
Subject to regulatory approval, the move aims to support improved market efficiency and strengthen EBS's role as a source of centralized liquidity and price discovery in NDFs.
According to CME Group, EBS Market was the first trading venue to offer electronic NDF trading through a central limit order book in 2007.
Customers have the opportunity to trade Asian NDFs, Latin American NDFs and African NDFs with a one-month maturity on the platform.
Paul Houston, global head of FX products at CME Group, said: “With the continued fragmentation and increasing complexity of the global FX market, the need for a unified, globally accessible primary trading venue for NDFs has never been greater.”
“The combination of our two NDF trading platforms will increase access for participants around the world while increasing liquidity, improving price discovery and increasing market operational efficiency.”
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.